The Influence Of Waco’S Economic History On Its Current Status And Future Growth: A Reconsideration Based On Its Economic Fundamentals & Potential
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The theory of the creative class is a way of understanding how post-industrial cities drive economic growth. This thesis will evaluate the city of Waco’s near-term economic potential within the framework of this theory. In order to understand Waco’s future, an overview of the economic history of the city will precede an analysis of Waco’s current economic situation. Following this will be a discussion of the fundamentals of the theory of the creative class, as well as an explanation of how it translates to higher economic growth and resilience for cities that capitalize on their creative potential. Finally, Waco’s economic potential will be evaluated based on the primary three factors that underpin the creative economy: Technology, Tolerance, and Talent.